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AFRICOAST ENERGY LAUNCHED
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AFRICOAST ENERGY LAUNCHED

FOLLOWING significant growth in the renewable energy business, 
AfriCoast Engineers SA has developed a sister company to exapnd
its vision.
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Volvo Trucks starts Euro 6, FH Aero assembly at its Durban plant

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Volvo Trucks South Africa (SA) has started the assembly of Euro 6 and FH Aero trucks at its production facility in Durban, KwaZulu-Natal.  While the new additions do not dramatically change the physical scope of the Swedish truck maker’s current operations in South Africa, they do play an important role in elevating the technical expertise of the existing workforce such as the assembly operators, road testers and product auditors.

BBBEE ICT Sector Council reviews ICT Sector Code, publishes updated EEIP application framework

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The first round of consultations for the review of the ICT Sector Code is now underway, with the Broad-based Black Economic Empowerment (B-BBEE) Information and Communications Technology (ICT) Sector Council inviting interested stakeholders to submit written comments by May 20. The Council has also published an updated Equity Equivalent Investment Programme (EEIP) Framework, aimed at improving the efficiency, transparency and effectiveness of the EEIP approval process within the ICT sector.

Investec to use $200m IFC loan to support sustainable building in South Africa

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Financial services firm Investec Bank has secured a $200-million loan from development finance institution the International Finance Corporation (IFC) to support the expansion across South Africa of property developments that are aligned with recognised sustainable building standards. Investec will deploy the funds through its Sustainable Solutions offering to augment the supply of buildings that are designed, built and operated to reduce energy and water consumption, as well as the carbon-intensity of construction materials.
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